Dividend comparison
SCHG vs SPMO: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Schwab U.S. Large-Cap Growth ETF and Invesco S&P 500 Momentum ETF, side by side. Updated October 21, 2026.
SCHG vs SPMO: key differences
The short answer, from the latest data on this page.
- Fees. SCHG is cheaper at 0.04% a year versus 0.13% for SPMO. On $10,000 that is $9 a year less in fees.
- Income. SPMO pays more income, yielding 0.78% over the last twelve months versus 0.39% for SCHG. That is about $38 more a year on $10,000. SCHG pays quarterly, SPMO pays semi-annual.
- Performance. Over the last 5 years, SPMO returned 133.8% versus 85.2% for SCHG, with dividends reinvested. $10,000 would have grown to $23,378 in SPMO and $18,525 in SCHG.
- Risk. SCHG has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -34.6%, against -22.7% for SPMO.
- Diversification. SCHG holds 189 positions and SPMO holds 100. The ten largest positions make up 60.9% of SCHG and 61.2% of SPMO.
- Overlap. 48% of the two portfolios overlap by weight, across 33 shared holdings.
- Dividend growth. SPMO grew its yearly payout 26.9% a year over the last 4 years, versus 9.4% for SCHG.
- Size. SCHG is the larger fund with $63.7 billion in assets, against $22.0 billion for SPMO.
Bottom line: SCHG fits better if you care most about lower fees and broader diversification. SPMO fits better if you care most about more income today, stronger 5-year returns, smaller drawdowns and faster dividend growth.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | SCHG Schwab U.S. Large-Cap Growth ETF | SPMO Invesco S&P 500 Momentum ETF |
|---|---|---|
| Dividend yield (TTM) | 0.39% | 0.78% |
| Dividend / share (TTM) | $0.14 | $1.10 |
| Payout frequency | Quarterly | Semi-annual |
| Last dividend | $0.0371 on Sep 28, 2026 | $0.2432 on Sep 25, 2026 |
| Ex-dividend date | Sep 23, 2026 | Sep 21, 2026 |
| Dividend growth (CAGR) | 9.4% over 4 yrs | 26.9% over 4 yrs |
| Price | $35.53 | $141.95 |
| Dividend growth streak | 4 years | 1 year |
| Beta | 1.20 | 1.28 |
| Max drawdown (5Y) | -34.6% | -22.7% |
| Market cap | $63.06B | $14.59B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.04% | 0.13% |
| Assets under management | $63.70B | $21.96B |
| Number of holdings | 189 | 100 |
| Top 10 concentration | 60.9% | 61.2% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
SCHG
$3.26/mo
$39 /yr at 0.39% yield
SPMO
$6.46/mo
$78 /yr at 0.78% yield
Dividend history
Total dividends paid per share in each calendar year. SCHG pays quarterly; SPMO pays semi-annual.
| Year | SCHG | SPMO |
|---|---|---|
| 2025 | $0.1168 | $0.8734 |
| 2024 | $0.1163 | $0.4577 |
| 2023 | $0.0903 | $1.0662 |
| 2022 | $0.0817 | $0.9450 |
| 2021 | $0.0817 | $0.3369 |
Strategy: Large-cap growth
Funds that hold the faster-growing half of the large-cap market, selected by measures like earnings growth, sales growth and price momentum. In practice that means heavy weights in technology and communication companies, with the largest few names often making up a third of the fund or more. Dividends are small because growth companies reinvest their cash instead of paying it out.
Concentration in a handful of mega-cap stocks makes these funds swing harder than the broad market in both directions, and they offer little current income.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $18,525 in SCHG and $23,378 in SPMO.
| Period | SCHG | SPMO |
|---|---|---|
| 1 month | 0.40% | -4.87% |
| 3 months | 4.16% | -1.35% |
| Year to date | 9.29% | 18.97% |
| 1 year | 10.38% | 17.08% |
| 3 years | 99.05% | 154.30% |
| 5 years | 85.25% | 133.78% |
- SCHG
- SPMO
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- SCHG
- SPMO
SCHG vs SPMO holdings overlap
48% overlap by weight, with 33 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
| Largest shared holdings | SCHG weight | SPMO weight |
|---|---|---|
| AAPLAPPLE | 11.73% | 9.97% |
| NVDANVIDIA | 12.13% | 9.24% |
| GOOGLALPHABET CLASS A | 4.68% | 5.12% |
| AVGOBROADCOM INC | 4.00% | 6.40% |
| GOOGALPHABET CLASS C | 3.75% | 4.11% |
| MUMICRON TECHNOLOGY | 2.69% | 8.43% |
| AMDADVANCED MICRO DEVICES | 2.34% | 5.23% |
| PLTRPALANTIR TECHNOLOGIES CLASS A | 1.16% | 1.55% |
| UNHUNITEDHEALTH GROUP | 0.98% | 1.81% |
| CATCATERPILLAR INC | 0.91% | 1.95% |
Top 10 holdings
Largest positions by portfolio weight.
SCHG189 holdings total
Quick verdict
SCHG fits better if you care most about lower fees and broader diversification. SPMO fits better if you care most about more income today, stronger 5-year returns, smaller drawdowns and faster dividend growth. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
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Frequently asked questions
Is SCHG or SPMO better for dividend income?
It depends on your goals. SCHG currently yields 0.39% Trailing Twelve Months (TTM) while SPMO yields 0.78%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between SCHG and SPMO?
Schwab U.S. Large-Cap Growth ETF (SCHG) is an ETF listed on AMEX. Invesco S&P 500 Momentum ETF (SPMO) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, SCHG or SPMO?
SCHG has the lower expense ratio. SCHG charges 0.04% a year and SPMO charges 0.13%, a difference of $9 a year on a $10,000 investment.
Which has performed better, SCHG or SPMO?
Over the last 5 years, SPMO has the higher total return with dividends reinvested: SCHG returned 85.2% and SPMO returned 133.8%. Past performance does not predict future returns.
Which is riskier, SCHG or SPMO?
Measured by the worst peak-to-trough decline over the last five years, SCHG has been riskier: SCHG fell as much as 34.6% and SPMO as much as 22.7%. Their betas are 1.20 and 1.28.
How much do SCHG and SPMO overlap?
About 48% of the two portfolios overlap by weight, across 33 shared holdings. The largest shared positions are AAPL, NVDA, GOOGL. Holding both still adds meaningful diversification.
How often do SCHG and SPMO pay dividends?
SCHG pays quarterly and SPMO pays semi-annual.
How much income does $10,000 in SCHG vs SPMO generate?
At current TTM yields, $10,000 in SCHG would generate roughly $3.26 per month ($39 annually). The same amount in SPMO would produce about $6.46 per month ($78 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both SCHG and SPMO?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare SCHG vs SPMO with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how SCHG and SPMO fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.